moral hazard

This is a silver level post. The biggest problem most people have with the bailouts is not that the banks were bailed out but additionally that there seem to have been no consequences for individual actors, the executives that brought the…

The European Central Bank is now deciding how much liquidity to provide because it has received a quid pro quo from Italy that some analysts knew were necessary before the ECB would provide any liquidity. We will see soon whether this will…